subrogation meaning and definitionDefinition and meaning of subrogation at MeaningMonkey.org. subrogation meaning and definition in the English Dictionary.
Definition of subrogation (noun)
- (law) the act of substituting of one creditor for another
- The assumption by a third party, such as a second creditor or an insurance company, of another's legal right to collect a debt or damages.
- "Subrogation is a common term in insurance policies, allowing the insurer to take legal action against a third party responsible for a loss, in place of the insured."
- "After paying for the damaged car, the insurance company used subrogation to recover the money from the driver at fault."
- "Understanding the principle of subrogation is essential when negotiating an insurance settlement."
Source: Princeton University Wordnet